I think flood insurance is a very misunderstood type of insurance. You might go to FloodSmart.gov for some information provided by FEMA.
You might also want to talk to an insurance agent for more information, as well. If you have a mortgage, chances are your mortgagee will
require it.
My personal opinion is that the developer does not put enough fill prior to building. We have had a problem with our yard flooding up to the
house because the lot was not properly graded. Many homes have had this problem. The company who did the initial grading had to come back
twice to fix the problem. Our neighbors had even more of a problem. I can't remember exactly what the Villages' rule is regarding the drainage
of a property, but they are very specific about the amount of time that has to pass before they consider what you would call flooding, a problem.
Ask your agent about this.
No matter where I have lived, and I've moved many times, I have never been without flood insurance, and most of the time I have not lived
in a flood zone.
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